Best Mortgage Rates in Brandon 2026
Compare the lowest rates from Brandon lenders and find your perfect mortgage
Current Brandon Mortgage Rates
Updated daily with the best rates from Brandon-area lenders.
5-Year Fixed Rate
4.23%
Starting from
5-Year Variable Rate
3.66%
Starting from
Brandon Housing Market Overview
Brandon is a growing community in Manitoba with a population of approximately 52,000. The local housing market offers a range of options from detached homes to condos, with average prices reflecting the city's desirability and growth.
Average Home Prices (2026)
Detached Homes
$300,000
Semi-Detached
$250,000
Townhouses
$220,000
Condos
$170,000
Brandon-Specific Considerations
- Land Transfer Tax: Manitoba Land Transfer Tax: 0.5% on first $30,000, 1.0% on $30k-$90k, 1.5% on $90k-$150k, 2.0% above $150k.
- Market Trends: Brandon continues to attract buyers due to its affordable housing compared to larger cities.
- Lender Options: Buyers in Brandon have access to major banks, local credit unions, and online lenders.
First-Time Home Buyers in Brandon
Brandon offers opportunities for first-time buyers with various programs and strategies:
Government Programs
Use the FHSA ($40,000 tax-free savings) and HBP ($60,000 from RRSP) to increase your down payment. Manitoba Land Transfer Tax: 0.5% on first $30,000, 1.0% on $30k-$90k, 1.5% on $90k-$150k, 2.0% above $150k.
Local Credit Unions
Brandon has several credit unions that offer competitive rates and first-time buyer programs with flexible qualification criteria.
Work with a Broker
A local mortgage broker can shop 20+ lenders to find the best rate for your Brandon purchase.
Lenders in Brandon
Major Banks
RBC, TD, Scotiabank, BMO, CIBC
Established lenders with branches in Brandon
Credit Unions
Local credit unions
Competitive rates, community focus
Monoline Lenders
MCAP, First National, CMLS
Often lowest rates, broker-only access
Online Lenders
Tangerine, EQ Bank, Motusbank
Digital-first, competitive rates
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Tools for Brandon Home Buyers
Free calculators to help you plan your Brandon home purchase. Calculate affordability, payments, taxes, and total costs.